Nintendo reports Switch sales slowdown 22%
Nintendo has reported a slowdown in Switch hardware sales and suggested that no new hardware will release before April 2024.
The company has now sold 125.62 million Switch consoles as of March 31, up from 122.5 million, but year-end console sales have declined by 22%.
In its results for the end of its fiscal year, Nintendo confirmed it had sold a total of 17.97m consoles during the 12-month period, which means it missed its year-start sales target of 21m (and the later revised target of 18m).
The company forecasts it will sell 15 million consoles during the current fiscal year ending March 31, 2024, which represents a further 16.5% decline, as Switch [Read more here]